The UK's real estate output has experienced significant fluctuations over the past decade. From 2013 to 2015, there was a strong upward trend with growth rates peaking at 16.57% in 2015. However, the market saw a contraction in 2016 and 2017, followed by a period of relative stabilization from 2018 to 2020. Despite a minor dip in 2020, the sector began to recover, showing a positive trend in both 2021 and 2022. By 2023, real estate output stood at 394.81 billion euros, reflecting a steady growth pattern.
Looking ahead, the forecasted data from 2024 to 2028 suggest moderate but consistent growth, with a Compound Annual Growth Rate (CAGR) of 0.95%. This indicates a stable yet cautious optimism within the industry.
Future trends to watch for include:
- Impact of economic policies on market dynamics
- Shifts in investor sentiment and foreign investment
- Technological advancements affecting property valuations
- Regulatory changes and their impact on real estate transactions
- Socio-economic factors such as urbanization and demographic shifts